US PRE-MARKET MOVERS: MSFT/META/TSLA, NVDA, AMZN, AI, AMAT, RGNX, STX, TXN, ASML, SBUX, T, PPG, ELV, QRVO

ES +0.2% NQ +0.8% RTY +0.4%

• MSFT +0.3% META -0.2% TSLA +0.2%: Ahead of earnings after-hours
• NVDA +2%: China approved first batch of H200 AI chips for import, covering several hundred thousand
• AMZN +0.4%: Cuts 16k jobs globally to undo pandemic-era hiring amid AI push
• AI +15%: Is in talks to merge with startup Automation Anywhere
• AMAT +4%: Upgraded at Mizuho
• RGNX -35%: FDA halts RGNX Gene therapy trials after brain tumour found in patient

• STX +9%: Q metrics beat & issued stronger guidance, supported by robust AI-driven demand for data storage
• TXN +8%: Stronger than exp. Q1 outlook, signalling a recovery in demand for industrial equipment & vehicles
• ASML +5.7%: Rev., profit topped, orders reached a record & strong guidance; Announced share buyback of up to €12bln
• SBUX +5%: Rev. & comp. sales surpassed exp. w/ better than exp. FY comp. sales view
• T +3.2%: Stellar report & solid FY profit view
• PPG -2%: Profit missed & issued cautious outlook
• ELV -8%: Top line weak & FY bottom line guidance missed
• QRVO -10%: Light next Q guidance